Month: February 2020

T-Mobile (TMUS) and Sprint (S) won clearance to merge from a federal judge Tuesday, sending T-Mobile shares up 12%, and Sprint shares up 77.5% by close of trading yesterday.Rejecting arguments by a group of state attorneys general that allowing the companies to merge would encourage anticompetitive behavior, U.S. District Court Judge Victor Marrero demurred that to the contrary, T-Mobile’s “maverick” ways have historically forced “the two largest players in its industry to make numerous pro-consumer changes” to compete with it. In the judge’s view, allowing the merger will in fact help “to continue T-Mobile’s undeniably successful business strategy for the …read more […]

Boeing Co Chief Financial Officer Greg Smith said on Wednesday that it will take at least a couple of years before 737 MAX production rate can reach the 57 units per month that the company was targeting before the airplane was grounded last year. Speaking at an investor conference, Smith said the production rate will depend largely on supplier inventory and noted that discussions on the supply chain are “front and center” of daily company calls on the 737 MAX. …read more […]

Today we’ll do a simple run through of a valuation method used to estimate the attractiveness of Target Corporation… …read more […]

Tech stocks have come on fast of late. Perhaps too fast. …read more […]

The company’s Humira will lose patent protection soon, but its pipeline will more than offset the effects Continue reading… …read more […]

SoftBank CEO Masayoshi Son threw cold water on Wednesday on the idea of cutting his firm’s $150 billion stake in e-commerce giant Alibaba , after prominent activist investor Elliott Management called for big buybacks. The emergence of New York-based Elliott as a SoftBank shareholder has renewed focus on the company’s 26% stake in China’s Alibaba, the Japanese firm’s biggest asset and Son’s most successful tech bet to date. Elliott, one of the world’s best known activist investors, has amassed a holding of almost $3 billion in SoftBank. …read more […]

Penny stocks, you either love them or you hate them. One of the obvious draws of these stocks trading for under $5 per share is the ability to get more bang for your buck. And should these bargain priced stocks see their share prices rise by only a small amount, the rewards can be staggering.However, before jumping right into an investment in a penny stock, Wall Street pros advise looking at the bigger picture and considering other factors beyond just the price tag. For some names that fall into this category, you really do get what you pay for, offering …read more […]